Friday Market Rebounds Some of Weeks Loss By the end of the day, the market had regained some ground lost when the FOMC released less promising inflation predictions for 2025 after cutting rates on Wednesday. At the closing bell 4 pm ET, the S&P 500 climbed 1.28%, the Dow Jones Industrial Average climbed 1.52%, and the Nasdaq Composite Index climbed 1.21%. Oil futures settled little changed on Friday but tallied losses for the week after feeling pressure from a surging U.S. dollar and continued concerns about the demand outlook, particularly from China, the world's largest crude importer. West Texas Intermediate $WTI Crude Oil - main 2311(CLmain)$ edged up by 8 cents, or 0.1%, to settl
Options Market Statistics: Tesla's Rollercoaster Week Ends with Friday Sell-Off; Options Pop $NVIDIA Corp(NVDA)$ shares surged by 3.08% to $134.70 on Friday, with significant trading activity centered around call options at the $135 strike price expiring on December 20. The rally in semiconductor stocks, including NVIDIA, was spurred by easing inflation worries following a moderation in the PCE index. According to Morgan Stanley, long-term prospects for NVIDIA remain robust despite short-term anxieties about the slowdown in prior-generation Hopper builds. These concerns are expected to diminish with the introduction of the new Blackwell chips, which are anticipated to enhance the company's competiti
Fed Meeting Causes Market Plunge: Hawkish Tone Surprises Expectations The Federal Reserve's latest meeting has resulted in a sharp decline in both the stock and Treasury markets, while the dollar has surged to its highest level since 2022. Although the market had anticipated this meeting, the hawkish tone exceeded expectations, underscored by four key points: 1、Significant Reduction in Rate Cut Projections 2、Notable Increase in 2024 PCE Inflation Forecasts 3、Clear Indication of Upside Risks to Inflation 4、Opposition from Several Committee Members As widely expected, the Federal Open Market Committee (FOMC) lowered the target range for the federal funds rate by 25 basis points to 4.25%–4.5%. However, as Chairman Jerome Powell noted during the press conference, monetary policy has now entere
Options Market Statistics: Micron Slumps After Company Cuts Outlook, Analysts Raise Concerns; Options Pop $Micron Technology(MU)$ slumped about 16% on Thursday with the most traded puts are contracts of $85 strike price that expire on Dec 20. The total volume reaching 32,671 with the open interest of 12,684. Micron said late Wednesday that it sees current-quarter revenue of about $7.9 billion, well below estimates. The company pointed to a weaker-than-expected PC replacement cycle, and slowing demand for its products in the auto and industrial sector. The news, along with bearish takes by a range of Wall Street analysts, pulled the stock down 16% recently to below $88 - around their lowest level since Septe
Apple Joins Nvidia, Tesla in Top Stock Options as iPhone Maker's Market Cap Nears $4T $Apple(AAPL)$ joined $NVIDIA Corp(NVDA)$ , $Tesla Motors(TSLA)$ and $Palantir Technologies Inc.(PLTR)$ in the list for the four most active stock options as the iPhone maker's market cap nears $4 trillion. Shares of Apple rallied 12% since the end of October, adding almost $400 billion to its market capital amid optimism over the positive impact on tech giants from g
Options Market Statistics: SoundHound AI Soars on Wedbush's Strong 2025 Growth Forecast; Options Pop $SoundHound AI Inc(SOUN)$ closed up 7% with the most traded calls are contracts of $30 strike price that expire on Jan 17, 2025. The total volume reaching 18,192 with the open interest of 469, while the most traded puts are contracts of $20 strike price that expire on Dec 20. Turning to Quantum Computing, the stock has been on an upward tear since yesterday when the company announced that it had received a contract from NASA. Under the deal, the space agency will utilize the firm's s entropy quantum optimization machine to facilitate its advanced imaging and data processing activities. SOUN stock has been
Tesla, Bitcoin, S&P 500, Dow, Tank: Thanks A Lot FOMC The Dow reversed its gains for the day after the FOMC released a decision to cut target rates by 25 basis points. The rate cut was expected, but the Fed's dot plot and economic projection were worse than last time: the committee only expects two cuts next year and a PCE inflation rate to fall to 2.5% by the end of 2025, instead of the previously hoped for 2.1%. Overall, the market generally tanked on Wednesday. After 4 pm ET, the $S&P 500(.SPX)$ fell 2.95%, the $DJIA(.DJI)$ fell 2.58%, and the $NASDAQ(.IXIC)$&
Meme-Stock Mania 3.0 Redux? GameStop Call Options Demand Surges Since Roaring Kitty made a comeback on social media on May 12, triggering a meme mania 2.0, $GameStop(GME)$ 's stock price soared by 180% in a single day. However, since then, GME's stock price has slumped by nearly 60%, bottoming out on September 19. Is GameStop 3.0 now in the works? Some options market activity hints at that possibility. Most notably, near the close on Monday, there was a massive flurry of trades in GameStop calls with a strike price approximately four times the current price, set to expire in a few weeks. These all appear to be new positions, based on the corresponding increase in open interest. 30 days to expiry for a rally in e
Options Market Statistics: Traders Pile Into Bullish Bets on GameStop for Second Day Shares of $GameStop(GME)$ rose 6% in Tuesday's trading, with the most traded calls are contracts of $125 strike price that expire on Jan 17, 2025. The total volume reaching 46,021 with the open interest of 121,382. The company recently announced its third-quarter financial results, revealing a 20% year-over-year decline in sales to $860 million, falling short of market expectations of $888 million. Despite the drop in sales, GameStop reported a profit of $17.4 million, compared to a loss of $3.1 million in the same period last year. Adjusted earnings per share came in at $0.06, surpassing the anticipated loss of $0.03 per